Become a Capital Markets & Securities Analyst (CMSA)™

Join 700,000+ students who work for companies like Amazon, J.P. Morgan, and Ferrari
  • Boost your knowledge and skills
  • Study online at your own pace
  • Get certified in just a few months
CBCA Certificate

World-Class Capital Markets Analyst Certification

CFI’s Capital Markets & Securities Analyst (CMSA)™ Certification Program covers the most critical knowledge and skills required to become a world-class capital markets analyst including equities, fixed income, foreign exchange, commodities, and derivatives. This CMSA™ certification program is the bridge between where you are now and where you want to be – from a beginner to an experienced world-class financial analyst with the confidence, and skills to match.

Comprehensive

18 courses, 50+ hours of video training, and Excel & document templates

Convenient

100% online, at your own pace, on your own schedule, with lifetime access

Real-World

Earn in-demand skills from instructors with 22+ years of experience training

Affordable

Our mission is to make the world's best capital markets training accessible to everyone

Trusted by 700,000+ Students working at

CBCA clients
Credit analyst training at amazon
bank training
credit analysis with microsoft office
analyzing credit for customers with saleforce
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CFI LinkedIn Reviews

CFI CBCA student
Ihor Kukhar
Financial Modeling and...
Hey folks, After 6 months of studying, 19 courses, and over 900 lessons, I have finally completed Corporate Finance Institute® (CFI)’s Certification Program. I would definitely recommend it to anyone that is looking to get a deeper insight into Valuation,...
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CBCA student credit analyst program
Stephen Moerane
Director Of Special Pr...
Today marks a very important milestone in my educational journey. I have been looking for a way to get into Finance but hadn't been able to identify a credential that would do the job without interrupting my work schedule. Thank...
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CBCA student credit analyst certification
Adam Thiébaut
FMVA™ | CFA™ level 1 c...
Got it!! I've just finished to complete the 6 prep course courses, the 9 core courses and the 3 elective courses to get the Holy Grail certification. I am already hyped about the other certifications that #cfi might be launching...
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financial analysis student
Brandon J. Casama...
Bank Loan Settlements ...
Big thank you to Tim Vipond for this incredible course. After much hard work, I now possess valuable financial modeling capabilities such as building discounted cash flow models, building dynamically linked 3-statement models, and building multi-year forecasts to project income...
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CBCA reviews
German Rivera Per...
Corporate Finance Chief
After almost six months of courses, finally I have achieved the #FMVA ( Financial Modeling and Valuation Analyst) Certificate from Corporate Finance Institute® (CFI) . I want to thank Tim Vipond, FMVA® Scott Powell and all people from Corporate Finance...
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What You'll Learn in the CMSA™ Capital Markets Analyst Certification Program

The Capital Markets & Securities Analyst (CMSA)™ program will teach you the many asset classes, trading strategies, and procedures used in the capital markets. It is ideal for any student who wants to work in capital markets, whether on the buy-side or the sell-side. This program will give you the experience to make investment decisions and utilize appropriate trading strategies for different scenarios.

The CMSA™ includes 18 courses. The recommended CMSA™ program study time is 60-100 hours and the average completion time is 6 months.

 

Common Career Paths

  • Sales & Trading
  • Asset Management
  • Wealth Management
  • Treasury
  • Risk Management
  • Commercial Banking

The Ultimate Capital Markets Analyst Training System

The CMSA™ Program is designed to teach you all the skills you need to excel on the job as a capital markets & securities analyst. Learn the skills used by buy-side and sell-side analysts at top global financial institutions. 

By the end of the program, you will understand the various securities within each asset class, have much greater familiarity with Bloomberg, and be able to incorporate relevant trading strategies into your investment decisions.

Curriculum

Prep Courses (Optional)

CMSA
CourseCourse CodeStudy Hours
Financial Math for Capital Markets CMSA 1021-2
Economics for Capital Markets CMSA 1033-4
Bloomberg Essentials CMSA 1041-2

Core Courses (6 Required)

Elective Courses (7 Required)

CMSA™ - A Capital Markets Analyst Certification Endorsed by the Global Corporate Finance Society

The GCFS board regularly reviews the CMSA™ program to ensure relevancy and industry standards are being met. By regularly examining the capital markets & securities analyst certification curriculum, the GCFS board is able to ensure CFI courses include the latest possible trends.

Tuition Options for the CMSA™ Program

CMSA™ Self-Study
CMSA™ Full Immersion
All 18 Courses
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CMSA™ Certification
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Lifetime Access
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Quizzes, Assignments, and Tests
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Excel, PPT, and PDF Files
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Study at Your Own Pace
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Digital Blockchain Verified Certificate
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Premium Templates
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Premium Email Support Receive premium one-on-one email feedback from our qualified financial analysts, for up to 5 CMSA-related questions per week
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Model Review & FeedbackReceive CMSA course-related model feedback from qualified financial analysts once per week Note: CFI does not provide consulting services on any financial models or other work outside of CFI courses.
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Résumé & Cover Letter FeedbackReceive a comprehensive resume and cover letter feedback once per month
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One FREE Financial Modeling Competition Entry
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Physical Certificate Printing Includes shipping and delivering the certificate to your location anywhere in the world.
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Beta Course Access Access soft launch courses before anyone else.
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CFI Program Discounts 20% off FMVA® , CBCA™ & other programs
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CMSA™ Full Immersion

$847
+
All 18 Courses
+
CMSA™ Certification
+
Lifetime Access
+
Quizzes, Assignments, and Tests
+
Excel, PPT, and PDF Files
+
Study at Your Own Pace
+
Digital Blockchain Verified Certificate
+
Premium Templates
+
Premium Email Support Receive premium one-on-one email feedback from our qualified financial analysts, for up to 5 CMSA-related questions per week
+
Model Review & FeedbackReceive CMSA course-related model feedback from qualified financial analysts once per week Note: CFI does not provide consulting services on any financial models or other work outside of CFI courses.
+
Résumé & Cover Letter FeedbackReceive a comprehensive resume and cover letter feedback once per month
+
One FREE Financial Modeling Competition Entry
+
Physical Certificate Printing Includes shipping and delivering the certificate to your location anywhere in the world.
+
Beta Course Access Access soft launch courses before anyone else.
+
CFI Program Discounts 20% off FMVA® , CBCA™ & other programs

CMSA™ Self-Study

$497
+
All 18 Courses
+
CMSA™ Certification
+
Lifetime Access
+
Quizzes, Assignments, and Tests
+
Excel, PPT, and PDF Files
+
Study at Your Own Pace
+
Digital Blockchain Verified Certificate
-
Premium Templates
-
Premium Email Support Receive premium one-on-one email feedback from our qualified financial analysts, for up to 5 CMSA-related questions per week
-
Model Review & FeedbackReceive CMSA course-related model feedback from qualified financial analysts once per week Note: CFI does not provide consulting services on any financial models or other work outside of CFI courses.
-
Résumé & Cover Letter FeedbackReceive a comprehensive resume and cover letter feedback once per month
-
One FREE Financial Modeling Competition Entry
-
Physical Certificate Printing Includes shipping and delivering the certificate to your location anywhere in the world.
-
Beta Course Access Access soft launch courses before anyone else.
-
CFI Program Discounts 20% off FMVA® , CBCA™ & other programs

Frequently Asked Questions

Are CFI courses accredited?
CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, and by the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the US for CPE credits. You can find more information here.
Will these courses help me advance my career?
Reviews from students who have taken CFI courses and the CMSA™ certification program include numerous stories about how people have been able to advance their careers. There is a proven track record of CFI graduates marking successful transitions into the careers of their dreams and this is based largely on the resources that we make available to our students upon enrolment. Our training is designed to be fully practical and simulates the experience of being trained as a professional financial analyst. Additionally, we offer a wealth of information through our free career resources. The unique blend of all these elements is what sets us apart from other e-learning platforms when it comes to giving you all the tools you need to create a successful career in finance.
Admission Requirements
All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to the advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection.
What is the duration of the program?
It takes an average of 4-6 months to complete the entire program. However, you are given the freedom to complete all of the training at your own pace! Please see the "What You'll Learn" section for recommended study hours for each course to give you a better idea for your time management.
How much time do I have to complete the courses?
You will have lifetime access to the courses and all future upgrades. You can review the video lessons as many times as you like and complete the courses at a pace that is most convenient for you.
How are the exams conducted?
Students are required to complete an online assessment (MCQ's, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams at your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need.
Can I email the instructor if I have questions regarding the learning materials?
While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function which allows you to communicate directly with in-house experts in the area of study you are focusing on. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle.
Can I download and edit the course material and templates?
Yes! You can download and edit the Excel models and templates included in your courses. All of the files needed in a course are available for download. Please note that while our study materials can be downloaded, the lecture videos are only available online due to copyright infringement issues.
How do I earn my certificates?
You need to complete all the video lessons, quizzes, and final assessments in each course to earn your course certificates. The certificate will then be available on your student dashboard and also emailed to you as soon as you have completed all of the requirements.
How long does it take to receive my digital CMSA™ certification?
As soon as you complete the program! After completing the CMSA™ program requirements (6 core required courses and 7 electives) you can immediately request your digital CMSA™ certificate to be emailed to you by submitting your completed program through your student dashboard.
Can I order a physical copy of my CMSA™ certificate?
Yes, you may order a physical copy of your CMSA™ certificate by mail through your student dashboard. Printed certificates are printed in high quality, large size certificate paper that measures 11.0 x 14.0 inches.
Can I take individual courses instead of completing the whole program?
Yes, you may enroll in the courses available from the program individually. Please let us know whenever you're ready to upgrade to the program and we'd be happy to issue you a unique coupon code (which will credit the amount already paid).
What currency are your courses priced in?
All of our online courses and programs are priced in USD.
What payment methods do you accept?
We accept debit/credit cards (Visa, Mastercard, Amex), Paypal, and wire transfers for one-time course payments. If you wish to proceed with a wire transfer from your bank, please email us at [email protected]
Are there any additional fees or costs?
None! The program tuition includes everything and there are no additional fees required to earn your digital certification.
More Questions?
Please Email us and we'll be happy to answer any of your questions!